InnovatorMD: Government Grants and IP Rights

By: Josh Sloat

InnovatorMD MasterClass

In our upcoming MasterClass with InnovatorMD, we'll be discussing government grants and the strings that can come attached to your IP!
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SBIR and STTR Grant Strings

​The Small Business Technology Transfer (or STTR) and Small Business Innovation Research (or SBIR) grants are the largest source of early-stage capital for life science startups in the United States, combining to provide over $4 billion annually in support from federal agencies like the NIH. But like money from investors, friends, and families, these grants do still come with some serious strings attached and potential ramifications you need to be aware of. 
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About the Talk

Most of these things are manageable, but when considering government grants, you need to be aware of these gotchas so you’re going in with clear eyes and can manage the hooks in a way that doesn’t jeopardize your patent rights. To help you understand and navigate these complexities, we'll discuss:

• Funding options. The various types of small business research grants.
• Regulation. How the Bayh-Dole Act regulates inventions generated under government grants.
• Compliance. The sticky webs that you may find yourself in if you are not carefully tracking IP and adhering to the numerous provisions and timelines.
• The strings. Licensing and ownership implications for your patent when using federal dollars.

About InnovatorMD

InnovatorMD's mission is to globally advance the work of physician innovators and entrepreneurs delivering solutions that revolutionize patient care. They are a group of physician innovators from various backgrounds with a single vision – to spread physician innovation to the rest of the world and to have a positive impact on patient outcomes and physician wellness while moving the healthcare industry forward.
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Learn more and register